1107 West AveConyers, GA 30012

West Ave Plaza, a 19,300 square foot shopping center in Conyers, Georgia, presents a compelling value-add investment opportunity. This multi-tenant property, boasting 12 units with 100% occupancy, sits on a 1.5-acre lot at 1107 West Ave SW, 30012. Built in 1988 and renovated in 2020, the property features two single-story buildings offering ample parking (114 spaces). The current Net Operating Income (NOI) is $197,940, yielding an 8.08% cap rate. However, a pro-forma analysis projects a NOI of $244,900 and a 10% cap rate, reflecting the potential for increased rental income. The property benefits from high visibility due to its location on a busy street and large signage. Recent improvements include roof resealing and parking lot restripes in 2020. The property is zoned MXD and enjoys a prime location within a thriving community, with a 10-minute drive-time population of 74,492 and an average household income of $61,988. The asking price is $2,449,000, translating to $126.89 per square foot. This property offers significant upside potential for investors seeking a strong return in a stable market. The current lease type is gross, and rent bumps are available.